Investor Vishvanidhi Dalmia was working in collusion with prime accused in NSEL scam: CCI
Maharashtra Government appointed Competent Authority has filed an affidavit in the Bombay High Court, exposing an investor in National Spot Exchange Limited (NSEL) scam - Vishvanidhi Dalmia – who was actually working in collusion with the prime accused Jignesh Shah’s NSEL to shift the blame to brokers and getting their assets attached
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Mumbai. Jul 22: Maharashtra Government appointed Competent Authority has filed an affidavit in the Bombay High Court, exposing an investor in National Spot Exchange Limited (NSEL) scam - Vishvanidhi Dalmia – who was actually working in collusion with the prime accused Jignesh Shah’s NSEL to shift the blame to brokers and getting their assets attached. The Competent Authority has further questioned the motive of Dalmia in filing these petitions against Maharashtra Government while being on the pay-roll of the prime accused Jignesh Shah’s NSEL.
The Competent Authority appointed by Government of Maharashtra in the National Spot Exchange Limited (NSEL) case has filed an affidavit with Bombay High Court dated July 9, 2024. The affidavit is filed in response to an earlier Bombay High Court order to a petition by Vishvanidhi Dalmia against the Maharashtra Government for not acting against the broking firm India Infoline Commodities Limited (IICL). Dalmia was an investor in NSEL through IICL.
In its response to the Bombay High Court order to Dalmia’s petition the Competent Authority in its affidavit said, “Documents reflect that Petitioner (Dalmia) was paid an amount of Rs 2.7 lac by NSEL on May 2, 2018, and in addition, he was provided with airlines tickets and taxi hiring costs. In view of this, the Petitioner’s motives for filing the petition under reply are questionable.”
The Competent Authority said, “it is pertinent to note that the petitioner has made unfounded allegations of the Respondent 1 (Maharashtra Government) acting under the clout of the brokers in para 22 of the Affidavit dated 24.05. 2024, it appears the petitioner has been colluding with the NSEL which is the main accused.”
It further said, besides the Rs 33.39 lac brokerage amount earned by India Infoline Commodities Limited (IICL) “there is no material placed before the Government of Maharashtra justifying further attachment of properties of IICL. No material has been placed before the government show that IICL had received or retained any amounts from the unsettled trades on the NSEL platform, which it did not pay to its depositor/ investor clients.”
